[Adopted 6-17-2013]
A. 
Pursuant to Section 10-248a of the Connecticut General Statutes, the Town of Wethersfield shall hereby establish a Board of Education Capital and Nonrecurring Expenses Non-Lapsing Account (the "account").
B. 
There shall be deposited in said account:
(1) 
Such monies returned to the general fund by the Board of Education at the end of a fiscal year as the Town Council shall deem appropriate.
(2) 
Any additional funds from any source designated by the Town of Wethersfield to be added to this account.
C. 
Upon authorization of the Town Council, the monies in the account may be used by the Town for the exclusive purpose of funding capital improvements, acquisition of capital assets, including technological resources and products, and other nonrecurring expenses pertaining to the public schools of the Town of Wethersfield.